XRP Erases Its Most Bearish Signal—And the Ripple-Linked Coin Is Flying
Crypto rallied sharply as Bitcoin surged past $72,000 on a record short squeeze tied to a U.S. Treasury plan to nearly double long-bond buybacks starting Sept. 9. XRP outperformed the market, rising about 10.5% on the day, 14.2% over 24 hours, and roughly 40% over the week, making it the top performer among major cryptocurrencies. XRP also broke a key technical pattern: after months under a death cross, price closed above both the 50-day and 200-day EMAs for the first time since the cross formed. That signals a potential trend reversal, though the moving averages have not yet crossed back into a golden cross. Momentum indicators support the breakout, with ADX showing a strong trend and the squeeze momentum indicator flashing expansion, but RSI at 83.5 suggests the rally is overbought and may pause. Key resistance is at $1.43, then $1.60. Support sits at $1.34, then around $1.08–$1.10, with deeper support near $0.99.
